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Topic: Making History: KNC MINER BANKRUPT–-CHINESE COMPETITION TOO TOUGH (Read 821 times)
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They are still making money but they can't raise enough money to continue expansion and in the Bitcoin mining world if your not constantly reinvesting in new hardware then your old hardware quickly becomes obsolete.
China is economically speaking in high gear, If it were a car engine flames would be shooting out the tail pipe. The question here is how long can China continue to subsidize all these industries, specifically power and chip manufacturing. My dad thinks their economy will equalize over the next 15 to 30 years with the rest of the world and will (the USA) be bitching about India or someone else as they take over for a short time.
China is economically speaking in high gear, If it were a car engine flames would be shooting out the tail pipe. The question here is how long can China continue to subsidize all these industries, specifically power and chip manufacturing. My dad thinks their economy will equalize over the next 15 to 30 years with the rest of the world and will (the USA) be bitching about India or someone else as they take over for a short time.
KNC MINER DECLARES BANKRUPTCY – CHINESE COMPETITION TOO TOUGH
http://swedishstartupspace.com/2016/05/27/knc-miner-declares-bankruptcy-chinese-competition-too-tough/
http://swedishstartupspace.com/2016/05/27/knc-miner-declares-bankruptcy-chinese-competition-too-tough/
EDIT: MODS, PLEASE DELETE, duplicate topic (can't delete myself)
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